Egypt’s PP market hits the lowest levels since 2009

According to ChemOrbis Price Wizard, Egypt’s PP raffia market hit its lowest levels seen since 2009 both for import and local prices. This past week, distributors’ overall raffia prices saw additional decreases of EGP100-500/ton ($13-64/ton). Within the range, Egyptian cargoes tracked a stable to EGP150/ton ($19/ton) softer trend while locally held Middle Eastern cargoes were […]

Import PE prices near to par with ethylene in China

In China, import PE prices closed last week with further decreases stemming from stagnant demand and sufficient supply, according to ChemOrbis. These reductions brought import PE prices near to par with ethylene and offers even slightly below spot ethylene prices were reported for HDPE blow moulding as reported on Several Asian producers confirmed that […]